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No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

Math is the answer.

"In 1983, the richest 1 percent of Americans got 11.6 percent of total income. Today the top 1 percent takes in more than 20 percent."
Robert Reich: Budget Baloney: Why Social Security Isn't a Problem for 26 Years, and the Best Way to Fix It Permanently

You can't get blood from a turnip.


If the government would loosin it's grip on the private sector, those numbers wouldn't be so lop-sided. Ultimately, the only thing that's changed since 1983, is that we have more government.
 
If the government would loosin it's grip on the private sector, those numbers wouldn't be so lop-sided. Ultimately, the only thing that's changed since 1983, is that we have more government.

What do you think has been happening since 1983? It's called Reaganomics and it has failed. Doubling down on a failed policy is lunacy.
 
If the government would loosin it's grip on the private sector, those numbers wouldn't be so lop-sided. Ultimately, the only thing that's changed since 1983, is that we have more government.

You forgot about the 3 decades of trickle down economics, spending as much on the military than the rest of of the world combined, and the rich we gave tax cuts to for job creation creating those jobs in other countries.
 
You forgot about the 3 decades of trickle down economics, spending as much on the military than the rest of of the world combined, and the rich we gave tax cuts to for job creation creating those jobs in other countries.

But...but...but...government spending creates jobs!

Y'all need to be more consistant with the parrotted talking points.
 
But...but...but...government spending creates jobs!

Y'all need to be more consistant with the parrotted talking points.

Not the way Republicans do it. They have a knack for wastng money without creating or benefiting anything. That expalins their love of the defense industry.
 
What do you think has been happening since 1983? It's called Reaganomics and it has failed. Doubling down on a failed policy is lunacy.

So, government confiscation of wealth is your answer? That failed in The Soviet Union, Cuba, all over Europe--Spain, Greece. etc.

The lunacy is the notion that the government can do a better job of creating wealth than the private sector.
 
You forgot about the 3 decades of trickle down economics, spending as much on the military than the rest of of the world combined, and the rich we gave tax cuts to for job creation creating those jobs in other countries.

Who gives a crap what the rest of the world spends, and why exactly should that dictate our defense spending?
 
Is that Kool Aid good? Here is an article for you to read and hopefully learn from.

Reaganomics Vs. Obamanomics: Facts And Figures - Forbes

“We call this period, 1982-2007, the twenty-five year boom–the greatest period of wealth creation in the history of the planet. In 1980, the net worth–assets minus liabilities–of all U.S. households and business … was $25 trillion in today’s dollars. By 2007, … net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."

This quote faiils to mention that $40 trillion of that net worth went to the top 5% because of Reaganomics and low tax rates on the wealthy. That is exactly the proble we have now. Too much money at the top and nothing for the rest of us. That is the real legacy of Reganomics and we must reverse that trend or perish.
 
But...but...but...government spending creates jobs!

Y'all need to be more consistant with the parrotted talking points.

The thing is, jobs that are beneficial to our economy, are a much better option. The almost decade long GOP war in Iraq was a total drain on our economy without benefit.
 
Or, you know, the President is being realistic and facing the stone cold fact that we can't balance the budget without raising taxes.

Like Reagan and Bush the Elder both did. Why, Reagan even believed that capital gains should be taxed like regular income! That socialist heathen!
 
Who gives a crap what the rest of the world spends, and why exactly should that dictate our defense spending?

Because it is stupid and wasteful to spend more money than you need for adequate defense, and when we get serious about debt reduction there is no way to accomplish that as long as we continue to spend as much as the rest of the world combined on military.
 
“We call this period, 1982-2007, the twenty-five year boom–the greatest period of wealth creation in the history of the planet. In 1980, the net worth–assets minus liabilities–of all U.S. households and business … was $25 trillion in today’s dollars. By 2007, … net worth was just shy of $57 trillion. Adjusting for inflation, more wealth was created in America in the twenty-five year boom than in the previous two hundred years."

This quote faiils to mention that $40 trillion of that net worth went to the top 5% because of Reaganomics and low tax rates on the wealthy. That is exactly the proble we have now. Too much money at the top and nothing for the rest of us. That is the real legacy of Reganomics and we must reverse that trend or perish.


Wealth is fungible, people make it, and people lose it every day. This is what the today's liberal doesn't understand. In 1980 there were 574,000 millionaires in the US. By 1988 that figure had more than doubled to 1.3 Million. Your imagined picture of the greedy rich man gaining his wealth from a static pie is just plain void of understanding.
 
Because it is stupid and wasteful to spend more money than you need for adequate defense, and when we get serious about debt reduction there is no way to accomplish that as long as we continue to spend as much as the rest of the world combined on military.

Well, that is your opinion, but as far as I can tell, I don't see any military service designator in your member profile, nor do I recall you being tied to the defense industry as a profession, so now tell me why it is that your opinion on this should be taken as anything other than manifest guilt being displayed over being born in the greatest country on earth?
 
Like Reagan and Bush the Elder both did. Why, Reagan even believed that capital gains should be taxed like regular income! That socialist heathen!

Clinton cut them

That neocon!

Clinton Angers Friend and Foe In Tax Remark - NYTimes.com

Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too - Bill Clinton

Reagan also cut marginal rates from 70% to 28% and reduced the amount of tax brackets from 14 to 2

But hey, let's not let facts get in the way of your idealogical rubbish
 
I view it as this way. The Democrats want tax hikes and not to cut that much in federal programs but they have agreed to cut a lot in federal programs along with the tax hikes. Republicans dont want to have tax hikes and they want to gut a lot of these federal programs. I think the Republicans are holding this back. The democrats have agreed to cut a lot of federal programs the republicans need to step up and accept the tax hikes back to the Clinton years, if they do thats a compromise. The Republicans are the ones holding this back..
 
Wealth is fungible, people make it, and people lose it every day. This is what the today's liberal doesn't understand. In 1980 there were 574,000 millionaires in the US. By 1988 that figure had more than doubled to 1.3 Million. Your imagined picture of the greedy rich man gaining his wealth from a static pie is just plain void of understanding.

Wealth expands and contracts

The pie is a myth but the Marxists/Collectivists/Socialists believe in it like Santa Claus
 
I view it as this way. The Democrats want tax hikes and not to cut that much in federal programs but they have agreed to cut a lot in federal programs along with the tax hikes. Republicans dont want to have tax hikes and they want to gut a lot of these federal programs. I think the Republicans are holding this back. The democrats have agreed to cut a lot of federal programs the republicans need to step up and accept the tax hikes back to the Clinton years, if they do thats a compromise. The Republicans are the ones holding this back..


That is just silly....You like the buffoons in the demo party have made the mistake of wanting it all, while giving up nothing...Tell me what "cuts" have Obama, or demo's offered?
 
The thing is, jobs that are beneficial to our economy, are a much better option. The almost decade long GOP war in Iraq was a total drain on our economy without benefit.

Why is the Obama Junta killing jobs, then?

The war in Iraq didn't drain the economy anymore than the trillions spent on the war on poverty.
 
Well, that is your opinion, but as far as I can tell, I don't see any military service designator in your member profile, nor do I recall you being tied to the defense industry as a profession, so now tell me why it is that your opinion on this should be taken as anything other than manifest guilt being displayed over being born in the greatest country on earth?


Believe what ever makes you happy, but you will see the budget will never be balanced as long as we continue to spend as much on the military as the rest of the world combined.

You and others just follow along in your effort to make the prediction by Bin Laden come true. He said the US would not be beaten on the battlefield but rather would spend itself to death fighting unending war.
 
Believe what ever makes you happy, but you will see the budget will never be balanced as long as we continue to spend as much on the military as the rest of the world combined.

You and others just follow along in your effort to make the prediction by Bin Laden come true. He said the US would not be beaten on the battlefield but rather would spend itself to death fighting unending war.

But, you're ok with spending 5 trillion dollars on handouts?
 
Why is the Obama Junta killing jobs, then?

More jobs were created under 4 years of the President than under 8 years of Bush.


The war in Iraq didn't drain the economy anymore than the trillions spent on the war on poverty.

Trillions were not spent on the war on poverty, and there were millions less people in poverty as a result. We had no such benefit from the GOP war in Iraq.

And tens' of thousands of innocent people weren't killed as a result of the war on poverty!
 
But, you're ok with spending 5 trillion dollars on handouts?

You are just making up stuff now.

Provide links.
 
Wealth expands and contracts

The pie is a myth but the Marxists/Collectivists/Socialists believe in it like Santa Claus

Wealth also MIGRATES to the top in any capitalist society and it is Govts. job to retard that trend which is so deterimental to sustained growth. Maldistribution of wealth is our number one problem in America today. Obama knows it, the people know it, the Republicans are clueless as usual.
 
Clinton cut them

That neocon!

Clinton Angers Friend and Foe In Tax Remark - NYTimes.com



Reagan also cut marginal rates from 70% to 28% and reduced the amount of tax brackets from 14 to 2

But hey, let's not let facts get in the way of your idealogical rubbish

Reagan cut some taxes and raised others. FACT.

And the reason the to marginal rate was lowered to 28% was because Reagan RAISED capital gains taxes up to 28%.

I have FACTS on my side, buddy. You've got the ideological rubbish on yours.

And yes, Clinton signed the lowered capital gains rate - resulting in multiple stock market bubbles. He was wrong on more than a few things.
 
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